my father purchase a new flat they paid vat and services tax to builder. they have to only sum balance amount to builder. builder says pay GST @ 12 % on balance payment.
but when I saw my service tax payment receipt my father pay service tax as per rules on agreement value. but at this the builder demand pay GST with balance payment. please revert my query.
Menu
gst on new flat purchase
Replies (2)
Service tax should hv been charged only on payment amount or invoice value... And builder's should hv pass benefits of gst itc... Don't form part of the cost of gst 12%...earlier no itc is available now full itc is available for builders.... Make a complaint regarding this to anti profetere committee in this respect... He has to pass gst itc benefit... Now it come less cost than earlier... Many clarification already issued by department in this respect
A legal action has been taken against builders if he is not passing benefit of gst itc
Recent Threads
- 40+ single CA group
- Interest u/s 234B on updated return u/s 139(8A)
- GST registration documents
- Goods Return of FY 24-25
- Compliance Notice under section 80G
- Income Tax refund not even processed after 5 month
- Interest on Tds of professional charges
- Notice on foreign assets
- How much cash deposit allowed in bank for loan rep
- Income Tax Compliance Notice for Donation
Related Threads
CAclubindia
